Will Astronics (ATRO) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Astronics Corporation (ATRO) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend in the aerospace and defense equipment industry [1]. Earnings Performance - Astronics has a strong history of surpassing earnings estimates, averaging a 15.91% beat over the last two quarters [2]. - In the last reported quarter, Astronics achieved earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.42 per share by 16.67%. In the previous quarter, the company reported earnings of $0.38 per share against an expectation of $0.33 per share, resulting in a 15.15% surprise [3]. Earnings Estimates and Predictions - Recent estimates for Astronics have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat, especially given its favorable Zacks Rank [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7]. - Astronics currently has an Earnings ESP of +4.75%, suggesting analysts are optimistic about the company's earnings prospects. This, combined with a Zacks Rank of 1 (Strong Buy), indicates a high probability of another earnings beat [9].